National Fuel Gas Company
MX ˙ BMV ˙ US6361801011
SecurityMX:NFG / National Fuel Gas Company
InstitutionStifel Financial Corp
Latest Disclosed Ownership15,226 shares
Latest Disclosed Value $ 1,430,620
Stifel Financial Corp reports 44.28% decrease in ownership of NFG / National Fuel Gas Company

On May 12, 2026 - Stifel Financial Corp filed a 13F-HR form disclosing ownership of 15,226 shares of National Fuel Gas Company (MX:NFG) valued at $1,430,620 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 27,328 shares of National Fuel Gas Company. This represents a change in shares of -44.28% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-12 2026-03-31 13F NATIONAL FUEL GAS COM 636180101 15,226 -12,102 -44.28 1,431 -34.64 0.0003
2026-02-13 2025-12-31 13F NATIONAL FUEL GAS COM 636180101 27,328 -1,578 -5.46 2,188 -18.05 0.0020
2025-11-12 2025-09-30 13F NATIONAL FUEL GAS COM 636180101 28,906 2,734 10.45 2,671 20.43 0.0024
2025-08-14 2025-06-30 13F NATIONAL FUEL GAS COM 636180101 26,172 1,642 6.69 2,218 14.16 0.0022
2025-05-14 2025-03-31 13F NATIONAL FUEL GAS COM 636180101 24,530 -128,357 -83.96 1,943 -79.07 0.0021
2025-02-13 2024-12-31 13F NATIONAL FUEL GAS COM 636180101 152,887 9,598 6.70 9,277 6.83 0.0097
2024-11-14 2024-09-30 13F NATIONAL FUEL GAS COM 636180101 143,289 10,038 7.53 8,685 20.28 0.0091
2024-08-13 2024-06-30 13F NATIONAL FUEL GAS COM 636180101 133,251 3,783 2.92 7,221 3.81 0.0081
2024-05-14 2024-03-31 13F NATIONAL FUEL GAS COM 636180101 129,468 24,105 22.88 6,955 31.57 0.0079
2024-02-12 2023-12-31 13F NATIONAL FUEL GAS COM 636180101 105,363 157 0.15 5,286 -3.20 0.0067
2023-11-13 2023-09-30 13F NATIONAL FUEL GAS COM 636180101 105,206 792 0.76 5,461 1.85 0.0077
2023-08-14 2023-06-30 13F NATIONAL FUEL GAS COM 636180101 104,414 1,053 1.02 5,363 -10.15 0.0073
2023-05-12 2023-03-31 13F NATIONAL FUEL GAS COM 636180101 103,361 12,920 14.29 5,968 4.24 0.0086
2023-02-13 2022-12-31 13F NATIONAL FUEL GAS COM 636180101 90,441 4,226 4.90 5,725 7.90 0.0086
2022-11-14 2022-09-30 13F NATIONAL FUEL GAS COM 636180101 86,215 1,869 2.22 5,306 -4.76 0.0087
2022-08-15 2022-06-30 13F NATIONAL FUEL GAS COM 636180101 84,346 -45,217 -34.90 5,571 -37.41 0.0087
2022-05-13 2022-03-31 13F NATIONAL FUEL GAS COM 636180101 129,563 11,987 10.20 8,901 18.40 0.0121
2022-02-14 2021-12-31 13F NATIONAL FUEL GAS COM 636180101 117,576 -8,443 -6.70 7,518 13.58 0.0099
2021-11-15 2021-09-30 13F NATIONAL FUEL GAS COM 636180101 126,019 -1,672 -1.31 6,619 -0.81 0.0097
2021-08-13 2021-06-30 13F NATIONAL FUEL GAS COM 636180101 127,691 4,934 4.02 6,673 8.73 0.0100
2021-05-14 2021-03-31 13F NATIONAL FUEL GAS COM 636180101 122,757 7,023 6.07 6,137 28.93 0.0101
2021-02-12 2020-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 115,734 9,799 9.25 4,760 10.67 0.0085
2020-11-16 2020-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 105,935 -3,533 -3.23 4,301 -6.30 0.0088
2020-08-14 2020-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 109,468 -1,344 -1.21 4,590 11.11 0.0106
2020-05-14 2020-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 110,812 16,777 17.84 4,131 -5.62 0.0114
2020-02-13 2019-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 94,035 81,983 680.24 4,377 674.69 0.0091
2019-11-19 2019-09-30 13F/A-1 NATIONAL FUEL GAS CO N J COM 636180101 12,052 -7,061 -36.94 565 -44.00 0.0014
2019-11-13 2019-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 11,785 -7,328 553 309.9842
2019-08-14 2019-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 19,113 4,353 29.49 1,009 12.36 0.0026
2019-05-14 2019-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 14,760 -5,137 -25.82 898 -11.26 0.0025
2019-02-13 2018-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 19,897 -423 -2.08 1,012 -11.46 0.0033
2018-11-13 2018-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 20,320 535 2.70 1,143 9.27 0.0033
2018-08-14 2018-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 19,785 -2,554 -11.43 1,046 -8.17 0.0032
2018-05-11 2018-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 22,339 -14,522 -39.40 1,139 -43.53 0.0036
2018-02-14 2017-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 36,861 8,197 28.60 2,017 23.97 0.0064
2017-11-13 2017-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 28,664 1,494 5.50 1,627 6.83 0.0056
2017-08-14 2017-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 27,170 13,518 99.02 1,523 85.96 0.0057
2017-05-10 2017-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 13,652 540 4.12 819 9.35 0.0032
2017-02-16 2016-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 13,112 -1,030 -7.28 749 -1.96 0.0032
2016-11-15 2016-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 14,142 -6,855 -32.65 764 -36.12 0.0034
2016-08-17 2016-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 20,997 236 1.14 1,196 15.11 0.0055
2016-05-16 2016-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 20,761 6,565 46.25 1,039 71.45 0.0055
2016-03-21 2015-12-31 13F/A-2 NATIONAL FUEL GAS CO N J COM 636180101 14,196 663 4.90 606 -10.36 0.0032
2016-02-26 2015-12-31 13F/A-1 NATIONAL FUEL GAS CO N J COM 636180101 14,185 -11 605 0.0032
2016-02-16 2015-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 14,185 9,450
2015-11-16 2015-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 13,533 -14 -0.10 676 -15.29 0.0038
2015-08-17 2015-06-30 13F/A-1 NATIONAL FUEL GAS CO N J COM 636180101 13,547 -471 -3.36 798 -5.67 0.0041
2015-08-17 2015-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 13,547 798
2015-05-14 2015-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 14,018 29 0.21 846 -13.05 0.0046
2015-02-13 2014-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 13,989 57 0.41 973 -0.10 0.0054
2014-11-13 2014-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 13,932 2,598 22.92 974 9.81 0.0085
2014-08-14 2014-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 11,334 -15,168 -57.23 887 -52.21 0.0080
2014-05-15 2014-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 26,502 26,502 1,856 0.0178
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.